Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks.

If companies tell us more, insider trading will be worth less.

Paradoxically, the best way for a group to be smart is for each person in it to think and act as independently as possible.

I do think to some extent multitasking is a way of fooling ourselves that we're being exceptionally efficient.

Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise.

In the business world, bad news is usually good news - for somebody else.

Most of the work on multitasking suggests that it generally makes you less efficient, not more.

It may be that the very qualities that help people get ahead are the ones that make them ill-suited for managing crises. It's hard to prepare for the worst when you think you're the best.

The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.

Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.

If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.

Death is only tragic if you have tragically wasted your life on meaninglessness.

Patience was not my strong point.

All that you may achieve or discover you will regard as a fragment of a larger pattern of the truth which from the separate approaches every true scholar is striving to descry.

You can't have it both ways. You can't have both free will and a benevolent higher power who protects you from yourself.

What good mothers and fathers instinctively feel like doing for their babies is usually best after all.

Being an American is something I wanted to be for a very long time, probably since I saw the moon landing when I was a child.

Art to me was a state: it didn't need to be an accomplishment.

I don't care where we're going; I'm gonna wear a suit all day, every day.

People will turn to you, follow you, support you only as long as they are confident that you are doing your best.

The days will always be brighter because he existed. The nights will always be darker because he's gone.